Seeking out dependable income in uncertain times

Flight to quality must be nuanced

Any seasoned fund manager knows macroeconomic event risk is a perpetual feature of long-term investing.

But the present environment does not feel like the common garden variety of top-down upheaval. Since the Global Financial Crisis, we have undergone an unprecedented historical experiment in monetary policy, seen a meteoric rise in global populists led by a mercurial US president, and endured an interminable Brexit saga.  This before we even consider the ongoing trade war that could jeopardise global growth. Markets enjoy 'wave of optimism' as investors suffer FOMO Certainly, central bankers have had the greatest impact on markets. Decades of traditional market thinking has been ...